At considerable moving expense and labor I just moved into a wonderful home and now the management company wants a meeting to discuss this problem. What should I expect? Do I have any legal recourse with the management company for not being able to fulfill their obligation of my one year lease?
2007-02-13 11:05:57 · 4 answers · asked by trixie77 1 in Business & Finance ➔ Renting & Real Estate
Meeting was yesterday. They informed me they sent my security depoit to the owner and they are dropping their lease agreement with the owner and that I am to deal directly with the owner now because they have not been able to get ahold of him.He has left the country and never paid one payment on this home he purchased last year. The managment gave me the address they have on file to send my payments. They do not want to get involved
2007-02-14 06:30:32 · update #1
Unfortunately you only have recourse to the owner who if apparently not able to pay his bills. You COULD have some recourse to the managemtne company IF you could demonstrate thatthey knew this was a possibility and did not advise you when you moved in. You COULD be entitled to reasonable moving expenses.
Its probably worth asking for - they may be willing to pay a little just to keep the situation from getting messy.
2007-02-13 11:12:30 · answer #1 · answered by sdmike 5 · 1⤊ 0⤋
This is what you should expect. You will be contacted by representatives for the servicer collecting payments for the lien holder, the mortgage company. If you do not more willingly, you will be evicted from the home.
You could sue the owner, but like the mangement said, they are no longer envolved in the properties management because they, too, have not been paid and the owner is out of the country.
2007-02-17 18:43:07 · answer #2 · answered by annazzz1966 6 · 0⤊ 0⤋
I would assume that you signed a lease contract stating that a 30 day notice is needed on both ends. They have to give you at least a 30-day notice. When you meet with the management company, discuss them paying for storage until you find another place and also ask for funds to get into another place. As the other person answered, you won't know unless you ask.
They had to have some inclination on what was going on.
2007-02-13 11:25:02 · answer #3 · answered by JustAsking 2 · 0⤊ 0⤋
The meeting sounds like a good idea. They can't force you to move, but it would be good for your piece of mind to know what they have planned. If they ask you to move out so they can sell the house vacant, ask for a payment/incentive to cover your moving costs and to make up for the inconvenience. Also, take steps to protect your security deposit -> see this news article about a leased property being foreclosed:
http://db.inman.com/inman/content/subscribers/inman/column.cfm?StoryId=010102rg&columnistid=griswold
2007-02-13 16:38:44 · answer #4 · answered by Liz 2 · 0⤊ 0⤋